Lighthouse Financial Services Inc. ADV Purchases Shares of 2,108 Micron Technology, Inc. $MU

Lighthouse Financial Services Inc. ADV acquired a new position in shares of Micron Technology, Inc. (NASDAQ:MU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,108 shares of the semiconductor manufacturer’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Round Rock Advisors LLC raised its holdings in Micron Technology by 0.6% during the 4th quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after buying an additional 25 shares during the period. Arlington Trust Co LLC raised its holdings in Micron Technology by 26.3% during the 4th quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 25 shares during the period. Manuka Financial LLC raised its holdings in Micron Technology by 2.3% during the 4th quarter. Manuka Financial LLC now owns 1,243 shares of the semiconductor manufacturer’s stock worth $355,000 after buying an additional 28 shares during the period. Valued Wealth Advisors LLC raised its holdings in Micron Technology by 20.9% during the 4th quarter. Valued Wealth Advisors LLC now owns 168 shares of the semiconductor manufacturer’s stock worth $48,000 after buying an additional 29 shares during the period. Finally, Omnia Family Wealth LLC raised its holdings in Micron Technology by 2.1% during the 4th quarter. Omnia Family Wealth LLC now owns 1,464 shares of the semiconductor manufacturer’s stock worth $418,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MU. DA Davidson began coverage on Micron Technology in a report on Tuesday, April 28th. They set a “buy” rating on the stock. Sanford C. Bernstein boosted their price objective on Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Melius Research began coverage on Micron Technology in a report on Monday, April 27th. They set a “buy” rating and a $700.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and set a $500.00 price objective on shares of Micron Technology in a report on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $478.24.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron hit a fresh 52-week high as investors continued to bet on booming demand for HBM and other AI-related memory products. Micron Stock (MU) Jumps 14% to a New 52-Week High – Is It Too Late to Buy?
• Positive Sentiment: Analysts and market commentary continue to describe Micron as a key beneficiary of the “AI memory supercycle,” with strong earnings growth, high margins, and ongoing supply shortages supporting the stock. Micron (MU) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Micron’s rally is being reinforced by bullish analyst sentiment, including higher earnings estimates and price-target-related optimism that suggests the stock still has room to run. Memory Stocks Continue to Surge. What’s Driving Micron and Sandisk Higher.
• Positive Sentiment: The company’s launch of a 245TB SSD and continuing momentum in AI infrastructure demand are being cited as additional catalysts for revenue growth and diversification beyond HBM. Micron Technology (MU) Is Up 28.6% After Launching 245TB SSD Amid AI-Driven Memory Tightness

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 104,000 shares of company stock worth $45,458,400 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Micron Technology Price Performance

Shares of MU opened at $746.33 on Friday. The company has a market capitalization of $841.66 billion, a price-to-earnings ratio of 35.24 and a beta of 1.91. Micron Technology, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $747.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32. The business’s 50-day moving average is $435.84 and its 200-day moving average is $348.07.

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a $0.15 dividend. The ex-dividend date was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio is currently 2.83%.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.